What are the “Trade Triangles” saying about the gold market?  Fresh from his recent vacation to beautiful New Zealand, Adam Hewison stepped back into the “Digital Den” as they call it at Market Club and released this most recent updated video on gold where he walks you through gold’s multi-timeframe structure, Fibonacci, and possible opportunities, similar to that of which I showed you in my recent post “Gold Inflects off Key Support.”

(Clicking the image takes you to the video page)

Formally titled “Gold… Time to Look at this Market Again!“, Adam writes in the introduction to the video:

“Today we’re going to take a look at the gold market. While many traders have been frustrated with this market for the past several month, it has in fact performed quite well given the generally negative feeling for most markets.

While the printing press is going at full-tilt in the US and the fact that most people are not involved in the gold market at the present time, it occurs to us that this market could indeed be setting itself up for a nice rally.

In our new video, I explain in detail some key levels to watch for in the gold market. If these levels are broken then you definitely want to take a position in the direction of the major trend.”

I’m showing the chart of the Fibonacci retracement tool in use with Adam describing a positive momentum divergence in the standard MACD – just as I pointed out on Monday.  I’m thinking Adam is a reader of the blog here – we’re at least on the same wavelength.

Take a look at the video and if you like what you see, browse around to see if you might benefit from a membership to the Market Club.com, where they produce many more videos like this (I’m allowed to share these to you by permission as an affiliate). Plus, you get access to their “trade triangle” technology, scans (to find recent triggers), analysis, and more.

As always, thank you to Adam and staff for making these videos available to us.

Corey Rosenbloom, CMT